Machine Sensor Market Report: Trends, Forecast and Competitive Analysis to 2030

Machine Sensor Trends and Forecast

The future of the global machine sensor market looks promising with opportunities in the manufacturing, oil & gas, aerospace, automotive and healthcare markets. The global machine sensor market is expected to grow with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are stringent regulations for the automotive industry and the implementation of industrial internet of things and the advent of industry 4.0.

A more than 150-page report is developed to help in your business decisions.

Machine Sensor by Segment

The study includes a forecast for the global machine sensor by type, end use industry, and region.

Machine Sensor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Pressure Sensor
• Temperature Sensor
• Position Sensor
• Force & Torque Sensor
• Proximity Sensor
• Others

Machine Sensor Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Manufacturing
• Oil & Gas
• Aerospace
• Automotive
• Healthcare
• Others

Machine Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Machine Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies machine sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the machine sensor companies profiled in this report include-

• Honeywell
• Kyocera
• Sensata Technologies
• Omron
• Infineon Technologies
• TE Connectivity
• ATI Industrial Automation
• Futek Advanced Sensor Technology
• Baumer Holding
• Tekscan

Machine Sensor Market Insights

Lucintel forecasts that pressure sensors is expected to witness highest growth over the forecast period due to increasing demand for reliability and safety across various sectors.

Within this market, automotive will remain the highest segment due to integrating machine sensors and advanced technology into the automotive industry.

APAC is expected to witness largest growth over the forecast period due to region's strong manufacturing industry, featuring key market players like China, Japan, and south Korea.

Features of the Global Machine Sensor Market

Market Size Estimates: Machine sensor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Machine sensor market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: Machine sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the machine sensor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the machine sensor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for machine sensor market?

Answer: The global machine sensor market is expected to grow with a CAGR of 8.6% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the machine sensor market?

Answer: The major drivers for this market are stringent regulations for the automotive industry and the implementation of industrial internet of things and the advent of industry 4.0.

Q3. What are the major segments for machine sensor market?

Answer: The future of the machine sensor market looks promising with opportunities in the manufacturing, oil & gas, aerospace, automotive and healthcare markets.

Q4. Who are the key machine sensor market companies?

Answer: Some of the key machine sensor companies are as follows.

• Honeywell
• Kyocera
• Sensata Technologies
• Omron
• Infineon Technologies
• TE Connectivity
• ATI Industrial Automation
• Futek Advanced Sensor Technology
• Baumer Holding
• Tekscan

Q5. Which machine sensor market segment will be the largest in future?

Answer: Lucintel forecasts that pressure sensors is expected to witness highest growth over the forecast period due to increasing demand for reliability and safety across various sectors.

Q6. In machine sensor market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness largest growth over the forecast period due to region's strong manufacturing industry, featuring key market players like China, Japan, and south Korea.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the machine sensor market by type (pressure sensor, temperature sensor, position sensor, force & torque sensor, proximity sensor, and others), end use industry (manufacturing, oil & gas, aerospace, automotive, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?